Technical Analysis

Tue, 20 Aug 2019 10:34:27 GMT

USD/JPY supported by 55– and 100-hour SMAs

During the previous trading session, the USD/JPY currency pair tried to surpass the resistance level formed by the monthly S2 at 106.54. During Tuesday morning, the pair was testing the support of the 55– and 100-hour SMAs located circa 106.30.

Tue, 20 Aug 2019 10:33:02 GMT

GBP/USD might decline

Yesterday, the GBP/USD exchange rate tried to surpass the psychological level at 1.2140. During today's morning, the rate declined to the 1.2100 mark.

Tue, 20 Aug 2019 10:31:23 GMT

EUR/USD could trade down

Yesterday, the EUR/USD currency pair traded sideways, trying to surpass the resistance of the 55-hour SMA at 1.1090. During Tuesday morning, the pair was still testing the given resistance.

Tue, 20 Aug 2019 09:51:05 GMT

NZD/USD pressure by 50– hour SMA

Downside risks have continued to dominate the New Zealand Dollar against the Japanese Yen. The currency pair has depreciated by 0.45% in value since yesterday's trading session.

Tue, 20 Aug 2019 09:49:21 GMT

USD/CAD nears resistance cluster at 1.3340

Upside risks dominated the US Dollar versus the Canadian Dollar on Monday. As a result, the USD/CD currency pair surged by 84 basis points during yesterday's trading session.

Tue, 20 Aug 2019 09:47:47 GMT

AUD/USD bounces off 50.00% Fibo

On Monday, the AUD/USD currency pair edged lower by 0.49% in value. The Australian Dollar was pressured south by both the 50-, 100– and 200– hour simple moving averages.

Tue, 20 Aug 2019 09:44:35 GMT

EUR/JPY bears are likely to prevail

The common European currency appreciated about 59 basis points against the Japanese Yen on Monday. The surge was stopped by a support cluster formed by the 200– hour simple moving average and the weekly pivot point at 118.38 during yesterday's trading session.

Mon, 19 Aug 2019 10:52:42 GMT

XAU/USD could go below 1,500.00

During Friday, the XAU/USD exchange rat traded sideways around the psychological level at 1,510.00. During today's morning, the rate declined to the 1,500.00 level.

Mon, 19 Aug 2019 10:51:02 GMT

USD/JPY might go upwards

During the previous trading session, the USD/JPY currency pair consolidated at the 106.40 level. During Monday's morning, the pair was testing the resistance of the monthly S2 at 106.54.

Mon, 19 Aug 2019 10:49:22 GMT

GBP/USD supported by moving averages

At the end of the previous trading week, the GBP/USD exchange rate tried to surpass the psychological level at 1.2160. During Monday's morning, the rate declined to the support level formed by the 55-hour SMA and the weekly PP at 1.2114.

Mon, 19 Aug 2019 10:47:58 GMT

EUR/USD could consolidate

On Friday, the EUR/USD currency pair traded sideways around the psychological level at 1.1100. During today's morning, the pair was testing the resistance of the 55-hour SMA, currently located at 1.1107.

Mon, 19 Aug 2019 09:16:13 GMT

NZD/USD decline likely to continue

The New Zealand Dollar has continued to trade south against the US Dollar. The currency pair has depreciated by 0.50% in value since Friday's trading session. 

Mon, 19 Aug 2019 09:11:24 GMT

USD/CAD tests support cluster at 1.3266

The US Dollar depreciated about 65 basis points against the Canadian Dollar on Friday. The USD/CAD currency pair is currently testing a support cluster formed by the combination of the 200– hour simple moving average and the weekly pivot point at 1.3266.

Mon, 19 Aug 2019 09:08:37 GMT

AUD/USD buy signals today

The Australian Dollar traded sideways against the US Dollar on Friday. The 50-, 100– and 200-hour SMAs provided support for the currency pair at 0.6776 during Friday's trading session.

Mon, 19 Aug 2019 09:05:57 GMT

EUR/JPY could edge higher today

During the previous trading session, the European single currency appreciated by 52 basis points against the Japanese Yen.

Fri, 16 Aug 2019 10:05:20 GMT

XAU/USD might go downwards

Yesterday, the XAU/USD exchange rate tried to surpass the resistance level formed by the monthly R3 at 1,521.59. During Friday morning, the rate was testing the support of the 55– and 100-hour SMAs, located circa 1,512.00.

Fri, 16 Aug 2019 10:03:48 GMT

USD/JPY could maintain consolidation

During the previous trading session, the USD/JPY currency pair traded sideways around the 106.10 level. During Friday's morning, some upside potential prevailed in the market.

Fri, 16 Aug 2019 10:01:52 GMT

GBP/USD tests resistance level

During Thursday, the GBP/USD exchange rate was volatile as opposition parties of the UK Parliament started a plan to stop a no-deal Brexit. During today's morning, the rate jumped to the resistance level—the weekly R1 at 1.2156.

Fri, 16 Aug 2019 10:00:23 GMT

EUR/USD pressured by moving averages

Yesterday, the EUR/USD currency pair declined to the psychological level at 1.1100. During Friday's morning, the pair was trading at the 1.1080 mark.

Fri, 16 Aug 2019 08:51:58 GMT

NZD/USD could trade sideways

The NZD/USD exchange rate tested the resistance cluster located near the 50– and 100– hour SMAs at 0.6447 on Thursday.

Fri, 16 Aug 2019 08:49:31 GMT

USD/CAD target at 1.3270

On Thursday, the USD/CAD exchange rate surpassed the weekly resistance level at 1.3319, and by the end of yesterday's trading session, the pair tested the monthly R2 at 1.3340.

Fri, 16 Aug 2019 08:45:53 GMT

AUD/USD potential upside movement

The Australian Dollar appreciated about 30 basis points against the US Dollar on Thursday. A breakout occurred through the upper boundary of a descending channel pattern during yesterday's trading session.

Fri, 16 Aug 2019 08:42:40 GMT

EUR/JPY breaches SMAs

The common European currency depreciated about 1.03% in value against the Japanese Yen. The currency pair breached both the 50-, 100– and 200-hour SMAs during yesterday's trading session.

Thu, 15 Aug 2019 09:53:00 GMT

XAU/USD might extend gains

On Wednesday, the XAU/USD exchange rate tried to surpass the resistance level formed by the monthly R3 at 1,521.59. During today's morning, the rate was testing the given level.

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